Results 121 to 130 of about 1,040 (169)

Retroactive Ratemaking Denied

Journal AWWA, 1993
In 1987, the Montana legislature mandated that private water service providers were to pay for maintaining pipelines from the main to the owner's property line. The day the law went into effect, Mountain Water Company filed a complaint in the federal courts against the state Public Service Commission (PSC), seeking to have the law declared ...
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Retroactive Ratemaking Permitted

Journal AWWA, 1988
The Supreme Court of Rhode Island permitted a city water utility to institute a retroactive water rate to repay its loan from the city.
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Review of Ratemaking Theories

Journal AWWA, 1966
It is the author's observation that most rates are based upon past and present costs with too little, if any, consideration of what costs will be over the period during which the rates will be in effect. This results in immediate attrition in the net income from the new rates.
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Water Utility Ratemaking

Journal AWWA, 1966
This article concludes that the Wisconsin Public Service Commission encourages municipal utilities to establish water rates that will provide sufficient revenues to continue adequate water service. The commission is also concerned with the needs of the state of Wisconsin and the need for water rate schedules that will help in attracting and holding ...
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Ratemaking of Natural Risks in Agriculture [PDF]

Journal of Insurance Issues, 1988
Agricultural risks are characterized by infrequent, but catastrophic losses. Agricultural insurance programs, therefore, often take the form of mutual long-term arrangements, where the risk is being shared on the basis of a temporal spread of the financial burden. The insurance arrangement is, thus, analogous to a loan.
Iskander S. Hamwi, Edward Nissan
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Insurance Ratemaking and a Gini Index

Journal of Risk and Insurance, 2013
AbstractWelfare economics uses Lorenz curves to display skewed income distributions and Gini indices to summarize the skewness. This article extends the Lorenz curve and Gini index by ordering insurance risks; the ordering variable is a risk‐based score relative to price, known as a relativity.
Edward W. (Jed) Frees, Glenn Meyers, A. David Cummings   +2 more
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General Insurance Deductible Ratemaking

North American Actuarial Journal, 2017
Insurance claims have deductibles, which must be considered when pricing for insurance premium. The deductible may cause censoring and truncation to the insurance claims. However, modeling the unobserved response variable using maximum likelihood in this setting may be a challenge in practice.
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The Effects of Skewness for Insurance Ratemaking

1992
In Risk Theory only the actuarial risk is considered; the description of the actuarial risk is the probability distribution of the claims. On this basis an insurer’s necessary premium for covering the risk is derived. Financial models intend to develop lair” market rates of return and thus a normative price for a risky investment, or any asset in ...
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Catastrophes and Workers Compensation Ratemaking

Variance, 2011
NCCI changed its workers compensation ratemaking methodology to improve the treatment of large individual claims and catastrophic multiclaim events related to the perils of industrial accidents, earthquake, and terrorism. NCCI worked with a well-known modeling firm to determine provisions for catastrophic events on a state basis.
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Automobile insurance ratemaking in the presence of asymmetrical information

Journal of Applied Econometrics, 1992
AbstractAutomobile insurance is an example of a market where multi‐period contracts are observed. This form of contract can be justified by asymmetrical information between the insurer and the insured. Insurers use risk classification together with bonus‐malus systems.
Dionne, G, Vanasse, C
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